GLG News by Mortgage Servicing Experts

Russia is the largest ATM market in the Central & Eastern Europe region with over 37,000 ATMs deployed. In 2006, Russia experienced an increase of 32% in installed ATMs compared to 2005. Russia, Ukraine and Poland represent two-thirds of the region's installed ATMs. For the last six years Russia...

The demand for mobile banking is growing and Wells Fargo is leading the pack in providing m-banking solutions for its customers. Primarily, banks, processors, networks and mobile carriers are pushing two types of transactions with mobile devices, m-banking and m-commerce. The m-banking segment is expected...

Six months after M&I announced the spin-off of its payments processor Metavante, 11.2.07 serves as Metavante's intro as a spin-off from M&I under the name of Metavante Technologies (MV) and the NYSE welcomed its newest listee at the ceremonious ringing of the bell. The spin-off is a $4.25 billion...

As a result of mortgage losses and an increase in title insurance claims, Fidelity National Information Services will spin-off its Lender Processing Services Unit to reduce debt and focus on its Transaction Processing  Services Unit, which will focus on financial institution customers and selling ...

Countrywide reported its long awaited 3Q earnings report with an update on its mortgage origination, servicing and thrift deposit business. The loss for 3Q was $1.2 billion, in the middle of the analyst estimates. However, while not as bad as some expected, the magnitude of CFC losing 20% of its equity...

TJX announced in January 2007, it had suffered an unauthorized intrusion into its wireless LANs (these networks use radio waves-RFID tech to collect and transmit data such as credit card numbers) at Marshalls in FL and later hacked into TJX's mainframe, which hosts its POS data and then led to a data...

Cardtronics goes public to raise over $306 million through its IPO and take the net proceeds of approximately $115 million to get out of debt and to seek growth opportunities for its shareholders and stakeholders. Cardtronics purchased 7-Eleven's financial services business assets for $138 million...

Synovus' Board will decide on 10.25.07 whether to spinoff TSYS as a standalone company. While TSYS awaits the Board's decision on its fate, TSYS has reported strong 3Q07 earnings with a net income increase of 26.7% and 18.39% YTD, as a result of hard work, dedication and commitment to its customers....

India's appetite for ATMs is spurring growth in the region and to meet the unexpected demand, NCR has chosen India as its hub for marketing and distribution in the Asia-Pacific region. NCR has conducted R&D initiatives and made infrastructure investments via a new plant in Pondicherry, which will...

TIO Networks launched the next phase of its strategic plan to rollout hybrid ATMs/kiosks at c-Stores and biller's payment locations by offering the myTIO Membership Program to target unbanked/unserved consumers who spend between $300-$400 annually in bill-payment fees, including check cashing, money...